New Stock News | Luxshare Precision Industry (002475.SZ) Hong Kong IPO Approved by China Securities Regulatory Commission

On June 18th, the International Cooperation Department of the China Securities Regulatory Commission issued a "Notice of Overseas Issuance and Listing Filing for Luxshare Precision Industry Co., Ltd." Luxshare Precision Industry (002475.SZ) plans to issue no more than 440,993,700 ordinary shares for overseas listing and listing on the Hong Kong Stock Exchange. According to the Hong Kong Stock Exchange, the company submitted an application for listing on the main board of the Hong Kong Stock Exchange on February 27, 2026, with CITIC SEC, Goldman Sachs, and CICC as its joint sponsors. The prospectus disclosed that Luxshare Precision Industry is a globally leading precision smart manufacturing innovative technology company, committed to providing global customers in the consumer electronics, automotive electronics, communication and data centers, and other end markets with cross-domain vertical integrated development and smart manufacturing solutions from precision components, modules to systems. Based on sales in 2024, one out of every two smartphones, every three smart wearable devices, and every five smart cars globally uses products from Luxshare Precision Industry. According to Frost & Sullivan data, based on revenue in 2024, Luxshare Precision Industry ranks fourth globally and first in mainland China in the Precision Intelligent Manufacturing Solutions (PIMS) industry, and it is in a leading position globally in various major business lines such as consumer electronics, automotive electronics, communication, and data centers. Based on revenue in 2024, the company ranks second globally and first in mainland China in the consumer electronics components and module PIMS market, with a global market share of 11.3%; it ranks fourth globally and first in mainland China in the automotive wiring harness PIMS market, with a global market share of 12.2%; it ranks fourth globally and first in mainland China in the communication and data center copper interconnect PIMS market, with a global market share of 4.4%. Through outstanding performance, Luxshare Precision Industry has been listed on the Fortune Global 500 List for three consecutive years from 2023 to 2025.